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20121201
20121231
Search Results 0 to 3 of about 4 (some duplicates have been removed)
has warned u.s. lawmakers, they have a duty to solve. we sat down with her here in washington. >> christine lagarde, the fiscal cliff, how concerned are they about the ramifications? >> people around the world are concerned about it. it appears to be the case there was more concerned about the eurozone than the fiscal cliff. now things have changed and there is more concerned about the fiscal cliff. they asked about a resolution. >> what could the impact speed? we are looking at a time when the global recovery is fragile at best. >> of u.s. is 20% of the global economy. if the u.s. suffers as a result of a fiscal cliff, a complete wiping out of its growth is going to have repercussions around the world. probably half of that. if the u.s. economy has less growth, it will probably be 1% less in mexico, canada, probably less so in europe and japan. but there will be a ripple effects. >> are you worried about it? >> yes. of course i worry about it. the u.s. is a big chunk of the global economy. it has often been a driver of growth. and to have that player virtually flat, if not in
$1.9 billion to settle u.s. allegations of money laundering. our chief economics correspondent has all the details. >> the largest bank in money- laundering, cartels washed through the bank. it resulted in a $1.9 billion fine, the biggest in u.s. banking history. the american authorities >> the corruption of the financial system by drug traffickers and other criminals, and free evading u.s. sanctions and law. >> they find $7 billion will be transferred between mexico and the u.s.. there were 25,000 transactions involving iran. in $290 million in suspicious traveler's checks were cleared by the bank. in a statement, they said they were story -- sorry for past mistakes. the former chairman was appointed as trade minister for david cameron. he had this to say when the allegations emerged in july. >> there were failures of the implementation, they expressed regret for that. it is a company i am proud to have worked for. >> they are not the only british bank to run these. the accusations of sanctions violations. other leading european banks have also in recent years reached settlements
lost, one livelihood destroyed is still want to many. -- one too many. >> today in brussels, the u.s. secretary of state delivered a clear message, warning nato allies they must honor their financial commitments to afghanistan security forces after western troops pull back in 2014. after more than a decade of war, the country's still fragile. but afghanistan has been in this situation before. in a new book, the author, an afghan native, he writes about the misunderstood a history of the country and what it suggests for the country prepare -- for the country's future prepar. >> what i want to say is that it is not a case of the afghan people are one group and the taliban as another entity over there. they have been engaged in a long struggle between its own tendencies toward wanting to open up to the world and move the country in that direction, and those forces that want to entrench and reject that role and become more locally world. you know, verify and confirm the power of grass-roots clerics, grass-roots elders, that is the tendency in afghanistan. it is true that is very much ass
Search Results 0 to 3 of about 4 (some duplicates have been removed)